Cryptocurrency most important areas for improvement over the next few years: * More secure storage (key management) * Trust-minimized (decentralized) exchanges * Make 2nd layers more user-friendly, especially via automated routing, while not overly sacrificing trust minimization
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Nick, would you explain how trust-minimization means the same thing as decentralisation in decentralised computing? Thank you...
Decentralized computer network protocols such as Nakamoto consensus are the most important way to achieve trust minimization.
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What is trust-minimisation in the
#SatoshiNakamoto decentralised computer network protocol context?Thanks. Twitter will use this to make your timeline better. UndoUndo
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According to the
@SatoshiNakamoto white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System at 1, (Oct. 31, 2008)", https://bitcoin.org/bitcoin.pdf ,#Bitcoin is not a trust-minimized system, but a trustless system, where the old trust system is replaced with "cryptographic proof".Thanks. Twitter will use this to make your timeline better. UndoUndo
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Satoshi: “What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”
@greasemonkey67@kevinkoosk@jchervinsky@saifedeanThanks. Twitter will use this to make your timeline better. UndoUndo
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